form

PROPERTY
CATASTROPHE –
USA REINSURANCE
Our aim is to understand the reinsurance needs
of our clients, help create solutions that work for
them and ensure that we deliver excellent service
throughout the process.
Novae has a long-established presence in the Lloyd’s
property reinsurance market, having written the
class since the company was founded. The present
portfolio has been developed through a network of
strong relationships between the underwriting team,
their clients and US/London brokers.
The book is well-balanced, with clients ranging from
small single-state mutuals through to some of the
world’s largest insurance companies. The unit also
writes a complementary book of Canadian property
reinsurance business.
The Account
Contact
With an account built up over 30 years, and tested by real
catastrophes, our underwriters have developed a client-base
of more than 250 US companies. Our expertise is centred on
providing catastrophe XOL cover.
Please contact an underwriter or email your enquiry
to property@novae.com
We also offer aggregate, stop loss and other products
addressing sideways loss exposure, as well as writing some
selective risk XOL. We offer multi-year contracts, and whilst
our main focus is the US market, we also reinsure Canadian
and UK companies.
Jonathan Gray
Unit Head
Tel: +44 (0) 20 7050 9453
jgray@novae.com
Service Commitment
Relationship to us means meeting clients not only in
London, but also at conferences and in their home offices.
It means responding quickly to requests, providing
constructive feedback and creative solutions.
Vicky Baxter
Deputy Unit Head
Tel: +44 (0) 20 7050 9452
vbaxter@novae.com
Above all, it means that when things do go wrong we are
there to pay claims in a timely and efficient way. Whilst the
numbers are important, we understand that from customer
to reinsurer, insurance still remains a people-business.
Lucy Forcey
Class Underwriter
Tel: +44 (0) 20 7050 9454
lpearce@novae.com
Phoebe Abdy Collins
Assistant Underwriter
Tel: +44 (0) 20 7050 9451
PAbdy-Collins@novae.com
About Novae
Novae is a diversified property and casualty (re)insurance
business operating through Syndicate 2007 at Lloyd’s. The
Group is based in London and has been listed on the London
Stock Exchange since 1998. Our aim is to be an innovative
specialty insurer, delivering excellence in product and service.
We seek to achieve this through the combination of expert
underwriting, consistent performance and dynamic capital
management, which are the three pillars of our strategy.
Lloyd’s Ratings
Novae Group plc
21 Lombard Street, London EC3V 9AH
Tel: +44 (0) 20 7050 9000
www.novae.com
As part of the Lloyd’s market, Syndicate 2007 enjoys the
overall A (A.M. Best), AA- (Fitch) and A+ (Standard & Poor’s)
Lloyd’s ratings.
2014 Gross Written Premium
Property
Reinsurance
Casualty
Reinsurance
43%
10%
PROPERTY
CASUALTY
£259.2m
£153.0m
GWP
57%
Property
Insurance
37%
General Liability
& Motor
Specialty
Liability
Aviation
Reinsurance
10%
MAP
29%
53%
GWP
£226.3m
GWP
Credit &
Political
61%
Marine
& Energy
Novae Syndicates Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Property Catastrophe – USA Reinsurance – December 2015